July 13, 2017
Staghorn Goes Live with the Latest Release of myQuorum Land On Demand Cloud Technology
Quorum’s Cloud-based Land Software Saves Customer Weeks, Delivers Unmatched Functionality and Usability
Houston – July 13, 2017 -- Quorum, the leader in digital transformation for the oil and gas industry, recently announced Staghorn Petroleum, LLC a portfolio company of EnCap Investments L.P., as the first oil and gas company to implement the latest release of myQuorum Land On Demand software, launched on July 5, 2017. Through the speed and savings of Quorum’s cloud technology, Staghorn was able to onboard the myQuorum Land On Demand system within days, rather than weeks or months.
“Staghorn has a strong success story as a startup in the land acquisition market, but they needed software that would help them scale to meet business growth and continue to make smart decisions,” said Perry Turbes, president and CEO, Quorum. “Quorum is helping companies like Staghorn conquer their challenges through our on demand offering of the industry’s leading land software.”
Staghorn Land Manager Phyllis Spurlock cited myQuorum Land On Demand’s ability to precisely track ownership by depth as one of the most important functions that Quorum could provide for their company: “You have to be able to know your ownership by depth, and our previous system didn’t offer it. That’s what led us to Quorum.”
According to Spurlock, the company previously went into an asset sale where employees spent three weeks of 12-hour days manually building out spreadsheets for a divestiture, and that’s when they decided they never wanted to waste the time and resources again.
Automated Data Entry
Staghorn did their research to find the right software provider that could scale and meet the company’s growing business needs. The company compared myQuorum Land On Demand with other providers and found that our software operated much faster and was way more sophisticated in regards to its overall functionality.
Spurlock was particularly impressed by the software’s real-time updates and connectivity. “With myQuorum Land On Demand, we can input one thing, and it flows throughout the rest,” Spurlock said. “It just makes sense. With our previous software, we would have to input the same thing four different times, which only increases chances for error.”
Ease of Use
“myQuorum Land On Demand is a very user-friendly software,” said LeAnn Ellis, Lease Records Analyst at Staghorn and the primary user of the land management software. “I like the flexibility of the services, the ability to edit the leases, and the functionality that enables me to tab between fields.”
The product’s ease of use is designed to help everyone in an exploration and production company, from accountants to geologists, make faster, smarter, more accurate decisions about land and lease management. Built on myQuorum, the oil and gas industry’s first customizable, user experience platform, myQuorum Land On Demand streamlines and simplifies work for oil and gas professionals based on their roles. From basic land and lease management to integrated GIS and analytics, myQuorum Land On Demand can handle complex leases, scale to meet business growth, and shorten the deployment time of Quorum’s proven land software to days.
About Staghorn Petroleum
“Based in Tulsa, Okla., Staghorn was established in September 2015 and is backed by private equity company EnCap Investments L.P. Staghorn’s acquire-and-exploit program combines producing and non-producing property acquisitions, grassroots leasing, and farm-ins or joint ventures. Currently, Staghorn is focused on north central Oklahoma’s prolific STACK play, where it has assembled one of the most desirable portfolios in the U.S. in less than one year, with strong well performance in multiple horizons and years of future drilling inventory. Learn more about Staghorn’s user experience on Quorum’s blog.
About myQuorum Land On Demand
The latest release combines Quorum’s proven and industry-leading land management software with the accessibility, affordability, and speed of cloud technology. Over the last 20 years, Quorum has implemented land solutions for more than a hundred oil and gas companies ranging from small independents to supermajors – including 7 of the 10 largest operators in the United States. Proven, affordable, and fast, the new myQuorum Land On Demand package includes software, services, and support priced to maximize value for small and medium-sized operators short on time and resources, while providing scalability to meet business growth.
Quorum offers an industry-leading portfolio of finance, operations and accounting software that empowers energy companies of all sizes to conquer their most complex business challenges. From the field to the back office, defying complexity is coded in our DNA and our software. This unmatched experience is why Quorum is the choice of eight of the largest public energy companies worldwide, 75 percent of LNG exporters throughout North America and 80 percent of all midstream companies in the United States. Designed for digital transformation, the myQuorum software platform delivers open standards, mobile-first design and cloud technologies to empower innovation at the speed of thought. At Quorum, we’re helping visionary leaders transform their business, and the energy industry, for a digital world. For more information, visit www.quorumsoftware.com.